Litecoin M30: A break through the upper leg of the triangle indicates a change in the balance of forces in the market
Apparently, market participants have decided on the future direction of Litecoin trend.
The formation of a symmetrical triangle indicates consolidation before a breakthrough and an increase in trading volatility. A piercing of the upper triangle leg is a positive signal indicating an upcoming price increase.
For Litecoin now the most evident trading strategy is opening the long positions. A trader can enter the market at the current levels or when a preset level is being retested.
📌 Entry: 82.77
✔️ First target: 86.98
✔️ Second target: 89.08
❌ Stop order: 80.20
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